Remove 2015 Remove Exploration and Production Remove Mechanic
article thumbnail

Overturning 8 Years of “Palpable Error,” The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation

The Energy Law

Louisiana Land and Exploration Co., Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. However, there was no mechanism to ensure that a penny of the $33 million awarded in Corbello would be spent on clean-up. Louisiana Land and Exploration Co., State of Louisiana v. 2020-00685 (La.

E&A 105
article thumbnail

Overturning 8 Years of “Palpable Error,” The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation

The Energy Law

Louisiana Land and Exploration Co., Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. However, there was no mechanism to ensure that a penny of the $33 million awarded in Corbello would be spent on clean-up. Louisiana Land and Exploration Co., State of Louisiana v. 2020-00685 (La.

E&A 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What 2024 Taught Us: From Offshore Discoveries to Net Zero Ambitions, What Mattered Most

Rextag

shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability. OPEC+ Production Cuts: OPEC+'s decision to extend production cuts into 2025 aimed to stabilize markets but drew skepticism. Record U.S. Shale Output: U.S. LNG Export Dominance: U.S.

article thumbnail

Does the Market Need OPEC/OPEC+?

Energy Outlook Advisors

Therefore, high oil price volatility leads to a waste of resources, higher costs, and a deterioration of efficiencies in oil production and consumption. These developments forced policymakers in oil-producing US states such as Louisiana, Oklahoma, and Texas to intervene to ration oil production with the support of the Federal government.

article thumbnail

The great trade rearrangement

McKinsey

If they cannot, firms might instead reduce purchases, replace imported products with something similar, or ramp up domestic production. Major products like laptops, smartphones, and toys are harder to rearrange. Shifts across many thousands of products will reshape the geometry of global trade. Granularity is key.